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Dec 4, 2012 3:00pm EST
's the shareholders' money through the company. tax law makes it very difficult to bring the money back in. they've already made the money selling their products and service around the world. so it's much cheaper with low interest rates the way they are to borrow the money and pay the dividends to the shareholders. the tax code actually just represents a very inefficient methodology of transferring the profits to the shareholders as well as influencing where companies are likely to be looking for future profits around the world. >> they've talked in washington periodically about a moratorium on allowing corporations to repatriate some of that money without a tax a consequence. that would help to some degree, wouldn't it? >> absolutely. that would be a very fabulous thing to do. the companies have already made the money, it's real money, it's profits they've made selling their products and services around the world, and it's going to sit there to be used to build profits with potential growth opportunities there versus here because of the tax code. they make it very unaffordable to bring it here,
Dec 7, 2012 3:00pm EST
't the place to disclose material information. a professor at columbia law school believes hasting committed what he called a technical foot fault using his facebook page to trumpet netflix surpassing a monthly milestone of a million hours of viewing. it prompted the sec to ask if this was material information, information typically released through the sec to reach a broad audience. hastings maintains it wasn't material in any way disclosing it to his more than 200,000 facebook friends. but attorneys disagree. professor coffey noted facebook is mostly used by younger generations. also, hastings friends are his, not the companies. still, it's a fact more ceos are opting to use new, rather than traditional media to get the word out. so is experts say firms need rules in place on how to use social media and more important what to disclose on it. johnson also points occupant the sec needs to get on board an well and provide guidelines on how to use social media. >> all right, mary. thank you. let's talk to harvey pitt about this. he ran the sec from 2001 to 2003. does he think netflix broke the
Search Results 0 to 1 of about 2